2980 W Camilo Dr · Citrus Springs, FL 34434

$239,900

3 bd · 2.0 ba · 1,191 sqft · Land · 87 Days on market

Built 2026 9,938 sqft lot

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +8.2/30.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0
• Appreciation +0.1/10.0

Listing remarks MLS

Build your dream home on a beautiful homesite in the wonderful subdivision of Citrus Springs. No HOA fees. No Flood Zone. Power on the street. Public water lines. Homes only. Close to Withlacoochee State Trail for 38 miles of biking, hiking and great nature walks. Citrus Springs golf course is minutes away and includes a restaurant, putting greens and driving range for the golf enthusiast. Community has a library, community center for social events, lighted tennis courts and a park for the kids. Conveniently located just minutes from boating, fishing, diving, beautiful freshwater springs, restaurants, shopping, medical services, supermarkets and more. 12 minutes to shopping in Dunnellon. Easy access to Ocala. A short drive to the Withlacoochee & Rainbow rivers for Freshwater fishing, boating and kayaking or take a drive to the Crystal River for scalloping or a swim with the manatees!

Key facts

• Granite countertops
• Open-concept layout
• 9,938 sq ft lot

Tags

• OPEN-CONCEPT LAYOUT
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• BUILT-IN BREAKFAST BAR
• LUXURY VINYL PLANK FLOORING
• SPLIT-BEDROOM FLOOR PLAN

Property features AI

Finance

• Other: Lot approximately 0.23 acres (80 x 125); Roads are asphalt, concrete and paved; Living area reported as 1,191 (builder source); total building area 1,665

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Aerobic septic system; Electricity connected; Water connected
• Home design: Single-family residence; One story; Northwest facing; Completed property
• Construction: Block and concrete construction; Shingle roof; Slab foundation; New construction
• Exterior features: Exterior lighting; Sidewalk; Sliding glass doors

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Cathedral ceilings; Ceiling fans; Eat-in kitchen; Open floor plan; Walk-in closets
• Laundry & utility: Laundry located in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $240k.

Deal economics

• At list price, monthly cash flow is $-222 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $208k (13.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (24.2% below list).
• Recommended offer: $182k (24.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#521 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D+, amenities F.
• Citrus (rural): math 49% / reading 50% proficiency, ranked #44 of 73 in FL (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Citrus Springs Elementary School (math 52% / reading 48%, grade D+, #1,070 of 2,144 statewide, top 51%, 817 students, 71% FRL); Lecanto High School (math 46% / reading 53%, grade D, #179 of 667 statewide, top 29%, 1,630 students, 46% FRL) — zoned schools at 58% FRL track the district average.
• Market conditions: 1242 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($69k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Citrus County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $16k; list at $240k implies a 1399% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $181,798 (24.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.76% ✗
• Cap rate: 5.18%
• Cash-on-cash: -3.96%
• DSCR: 0.82
• GRM: 11.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -23.0%
• Equity multiple: 0.21×
• Total profit: $-52,966
• Equity at exit: $35,770

10-year hold

• IRR: -17.4%
• Equity multiple: 0.04×
• Total profit: $-64,192
• Equity at exit: $20,742

Cash invested: $67,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34434

• Home prices YoY: -2.9%
• Active inventory: 1242
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $1,818 high
• Mortgage (P&I): −$1,258
• Tax est. 1.5%: −$300 /mo · $3,598/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $-222

Break-even live

Break-even rent $2,099

Max offer price $207,821

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9205 N Fawn Way Citrus Springs, FL	3.0	2.0	1428	$1,750	$1.23	20d	1	0.14mi
2907 W Camilo Dr Citrus Springs, FL	4.0	2.0	1449	$1,795	$1.24	20d	1	0.18mi
9127 N Justa Dr Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	20d	1	0.31mi
9305 N Citrus Springs Blvd Citrus Springs, FL	3.0	2.0	1411	$1,800	$1.28	20d	1	0.35mi
9081 N Golfview Dr Citrus Springs, FL	3.0	1.5	1374	$1,400	$1.02	20d	1	0.36mi
2330 W Juan Vega Ln Dunnellon, FL	3.0	2.0	1204	$1,675	$1.39	20d	1	0.65mi
3584 W Burgandy Dr Citrus Springs, FL	3.0	2.0	1413	$1,699	$1.20	20d	1	0.77mi
8715 N Paradisea Dr Citrus Springs, FL	3.0	2.0	1403	$1,850	$1.32	20d	1	0.81mi
9810 N Santee Ter Dunnellon, FL	4.0	2.0	1449	$1,815	$1.25	20d	1	1.05mi
8055 N Wellington Ter Citrus Springs, FL	3.0	2.0	1250	$1,750	$1.40	20d	1	1.30mi

Listing history 25 events

1. 2026-06-19
   days on market $239,900 Active 87 DOM
2. 2026-06-18
   days on market $239,900 Active 86 DOM
3. 2026-06-17
   days on market $239,900 Active 85 DOM
4. 2026-06-16
   days on market $239,900 Active 84 DOM
5. 2026-06-15
   days on market $239,900 Active 83 DOM
6. 2026-06-14
   days on market $239,900 Active 81 DOM
7. 2026-06-13
   days on market $239,900 Active 80 DOM
8. 2026-06-09
   days on market $239,900 Active 77 DOM
9. 2026-06-08
   days on market $239,900 Active 76 DOM
10. 2026-06-07
    pricedays on market $239,900 Active 75 DOM
11. 2026-06-03
    days on market $244,900 Active 71 DOM
12. 2026-06-02
    days on market $244,900 Active 70 DOM
13. 2026-06-01
    days on market $244,900 Active 69 DOM
14. 2026-05-31
    days on market $244,900 Active 68 DOM
15. 2026-05-30
    days on market $244,900 Active 67 DOM
16. 2026-03-24
    listed $244,900 Active
17. 2024-07-09
    soldstatus $16,000
18. 2024-07-05
    soldstatus $16,000 Closed 902-char remark

    Show marketing remark (902 chars)

    Build your dream home on a beautiful homesite in the wonderful subdivision of Citrus Springs. No HOA fees. No Flood Zone. Power on the street. Public water lines. Homes only. Close to Withlacoochee State Trail for 38 miles of biking, hiking and great nature walks. Citrus Springs golf course is minutes away and includes a restaurant, putting greens and driving range for the golf enthusiast. Community has a library, community center for social events, lighted tennis courts and a park for the kids. Conveniently located just minutes from boating, fishing, diving, beautiful freshwater springs, restaurants, shopping, medical services, supermarkets and more. 12 minutes to shopping in Dunnellon. Easy access to Ocala. A short drive to the Withlacoochee & Rainbow rivers for Freshwater fishing, boating and kayaking or take a drive to the Crystal River for scalloping or a swim with the manatees!

19. 2024-06-16
    status Pending 902-char remark

    Show marketing remark (902 chars)

    Build your dream home on a beautiful homesite in the wonderful subdivision of Citrus Springs. No HOA fees. No Flood Zone. Power on the street. Public water lines. Homes only. Close to Withlacoochee State Trail for 38 miles of biking, hiking and great nature walks. Citrus Springs golf course is minutes away and includes a restaurant, putting greens and driving range for the golf enthusiast. Community has a library, community center for social events, lighted tennis courts and a park for the kids. Conveniently located just minutes from boating, fishing, diving, beautiful freshwater springs, restaurants, shopping, medical services, supermarkets and more. 12 minutes to shopping in Dunnellon. Easy access to Ocala. A short drive to the Withlacoochee & Rainbow rivers for Freshwater fishing, boating and kayaking or take a drive to the Crystal River for scalloping or a swim with the manatees!

20. 2024-06-12
    listed $15,000 Active 902-char remark

    Show marketing remark (902 chars)

    Build your dream home on a beautiful homesite in the wonderful subdivision of Citrus Springs. No HOA fees. No Flood Zone. Power on the street. Public water lines. Homes only. Close to Withlacoochee State Trail for 38 miles of biking, hiking and great nature walks. Citrus Springs golf course is minutes away and includes a restaurant, putting greens and driving range for the golf enthusiast. Community has a library, community center for social events, lighted tennis courts and a park for the kids. Conveniently located just minutes from boating, fishing, diving, beautiful freshwater springs, restaurants, shopping, medical services, supermarkets and more. 12 minutes to shopping in Dunnellon. Easy access to Ocala. A short drive to the Withlacoochee & Rainbow rivers for Freshwater fishing, boating and kayaking or take a drive to the Crystal River for scalloping or a swim with the manatees!

21. 2012-10-16
    soldstatus $105,500
22. 2006-02-13
    soldstatus $31,000 128-char remark

    Show marketing remark (128 chars)

    Very nice buildable 1/4 acre lot in the heart of Citrus Springs. Close to schools, shopping and most amenities. Survey available

23. 2006-02-10
    soldstatus $31,000
24. 2005-04-26
    listed $45,000 128-char remark

    Show marketing remark (128 chars)

    Very nice buildable 1/4 acre lot in the heart of Citrus Springs. Close to schools, shopping and most amenities. Survey available

25. 2005-04-21
    soldstatus $18,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,816
• − Mortgage interest: −$13,438
• − Property taxes: −$3,598
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,745
• − Management: −$1,745
• − Depreciation: −$6,979
• Taxable loss: −$6,890
• Est. tax savings @ 24.0%: +$1,654
• After-tax cash flow: $-1,007/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Citrus
• NCES district ID: 1200270
• Math proficiency: 49% ▼ -10.00%
• Reading proficiency: 50% ▼ -6.00%
• Median HH income: $38,618
• Composite: 41.28/100
• National rank: #3519
• State rank: #44 of 73 in FL

Livability — Citrus Springs

• Score: 68/100
• State rank: #521
• US rank: #9598

Category grades

Amenities F Commute F Cost of living A+ Crime B- Employment D+ Housing A+ Health & safety C- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Citrus Springs, FL
• County: Citrus County · 111,314 people
• City population: 10,730
• Metro: Homosassa Springs, FL
• Population (ZIP): 11,074
• Household income: $68,939
• Rent vs Own: 12.4% rent · 87.6% own
• Severe rent burden: 171.0

Population outlook (Citrus County) Hauer SSP2

• Today (2025): 138,622 people
• By 2030: 136,886 · -1.3%
• By 2040: 132,009 · -4.8%
• By 2050: 125,196 · -9.7%
• By 2075: 108,570 · -21.7%
• By 2100: 84,454 · -39.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Two or more races 11% Hispanic / Latino 9% Black 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4%
• Common ancestry: Iranian 3% Romanian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Citrus

• 2024 margin: Solid R (+45.9) · D 26.8% · R 72.6%
• 2008→2024 swing: -29.8pp toward R · 2008: -16.1pp · 2024: -45.9pp
• All cycles: 2024: R+45.9 2020: R+41.0 2016: R+39.7 2012: R+21.9 2008: R+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -9.70%
• Current HPI: 328.2164
• Rent YoY: —
• Metro: Homosassa Springs, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+1260.6% since first listed

10 events — show timeline

• 2026-03-24 Listed $244,900 Stellar MLS as Distributed by MLS Grid
• 2024-07-09 Sold (Public Records) $16,000 Public Records
• 2024-07-05 Sold (MLS) $16,000 RACC
• 2024-06-16 Pending — RACC
• 2024-06-12 Listed $15,000 RACC
• 2012-10-16 Sold (Public Records) $105,500 Public Records
• 2006-02-13 Sold (MLS) $31,000 RACC
• 2006-02-10 Sold (Public Records) $31,000 Public Records
• 2005-04-26 Listed $45,000 RACC
• 2005-04-21 Sold (Public Records) $18,000 Public Records

Property tax history

+16.0%/yr

Latest (2025): $308 · +118.4% YoY. Source: county tax records.